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RPC Inc. Message Board

  • robert190022 robert190022 Jan 25, 2012 3:31 PM Flag

    heading to 5 doubt

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    • seems there is potential for it to drop to the low from Sept/ Oct which was 14.40 or so.
      Too bad none of the key people ever seem to buy stock as that would be a good gauge.
      I've been trading RES from prices over 24 and it is a good trading stock ie it moves around quite a lot.
      Selling some puts in that 15 area might help offset some of our losses and I will probably sell some calls as well. The June 15 puts might get you $1.50 ish so net long at 13.50 where I like my chances, you could buy the 12.50 as a floor and then the put spread would be a credit of $90 bucks or so.Paid $90 bucks with only that difference ($250) as a max loss so good risk reward.
      As to buying more common I'll wait to see that 14 area.

      That said pre market is looking good.

      Don't they have a stock buy back going?
      split, div increase, stock I missing something ?
      Oh yea, possible buy out.

    • Hello Robert,

      If you are sure that the stock will sell down to $5.00, how may put options have you purchased and for what monthly expirations and at what strike prices?

      Seems to me you'd want to load up on puts and make a fortune (assuming you have the courage of your convictions).

      Is your money on the line with this prediction, or do you just enjoy typing negative posts? It's better have a positive attitude and see potential big drops as an opportunity to make big money on the short side.

      Just my opinion, but that's how I trade - use options - both directions, depending on the situation.


    • your IQ headed to 5 a-sswhole

21.22-0.24(-1.12%)Sep 17 4:01 PMEDT

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